A bill to amend the Internal Revenue Code of 1954 to provide that retired individuals having annual gross income of $10,000 or less will not have to file a Federal income tax returns.

Provides under the Internal Revenue Code of 1954 that retired individuals having annual gross income of $10,000 or less will not have to file Federal income tax returns. (Adds 26 U.S.C. 6012 (d))